ETF SWING & DAY TRADING

[northam43]

Stock Charts Daily RSI(5) at 42.2. MACD(12,26,9) at -3.27.
CCI(20) at -47.6

Position is short. If we close today in the green I will add to short position. We will go to RSI(5) 30 before going back to 70. Looking at the CCI(20) it is trending down faster than the MACD. The CCI(20) should hit -100 before changing direction. It also could go on down to the -200, -300 levels. However, since the MACD is getting close to a Bearish crossover, I think the downside will be limited. But of course the charts will drive the train. Right now they say short is the place to be.

Good Trading.

Lindy